Category Archives: Reno

Wynn at risk; Christmas stocking for Station, Boyd, etc.

Steve Wynn might want to think twice about buying back into Wynn Resorts. Stock analyst Frank Fantini thinks the company’s Macao holdings might be made an example in the U.S./China trade war. Fantini believes Beijing could target “companies that are not … Continue reading

Posted in Boyd Gaming, Economy, Golden Gaming, Macau, MGM Resorts International, Nevada, Pansy Ho, Reno, Sheldon Adelson, Station Casinos, Steve Wynn, Wall Street, Wynn Resorts | Comments Off on Wynn at risk; Christmas stocking for Station, Boyd, etc.

Where Raiders go, trouble follows

It was announced today that the 2020 NFL draft will be held in Las Vegas. However, it could be like a ship stranded in a sand dune. The City of Oakland is suing the league and the Oakland Raiders for … Continue reading

Posted in California, Reno, Sheldon Adelson, Sports, Texas, The Strip | Comments Off on Where Raiders go, trouble follows

Vegas ranks high for New Year’s Eve; MGM Springfield initiates bus service

WalletHub is out with a New Year’s Eve survey that ranks Las Vegas as the fifth-best city in which to celebrate the holiday, New York City (of course) led the list, followed by Los Angeles, Atlanta (see, we need casinos … Continue reading

Posted in Atlantic City, California, Connecticut, Foxwoods, Georgia, Japan, Lawrence Ho, Marketing, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Mohegan Sun, New Hampshire, New York, Philippines, Problem gambling, Reno, Sports, The Strip, Transportation, Tribal | Comments Off on Vegas ranks high for New Year’s Eve; MGM Springfield initiates bus service

Midwest doldrums; Turning a page at Wynn

Slot routes continue to bleed Illinois casinos, which were 1.5% down in October. Two properties withstood the decline. Eldorado Resorts seems to be already turning things around at Grand Victoria, which was up 2% ($13 million). Rivers Casino, coveted by … Continue reading

Posted in Atlantic City, Boyd Gaming, Caesars Entertainment, Centaur Gaming, Churchill Downs, Dubai, Eldorado Resorts, Election, Entertainment, Florida, Full House Resorts, GLPI, Illinois, Indiana, Kentucky, Macau, Majestic Star, Marketing, Penn National, Pinnacle Entertainment, Racinos, Reno, Rush Street Gaming, The Strip, Tribal, Wall Street, Wynn Resorts | Comments Off on Midwest doldrums; Turning a page at Wynn

Strip tanks in September; Adelson vs. Buffett

If you want to know what it’s hard to get financing to develop on the Las Vegas Strip you could either A) ask Steven Witkoff or B) look at the latest, very blah numbers from September — $546 million. That 4% … Continue reading

Posted in Boulder Strip, Downtown, Economy, Election, Environment, Lake Tahoe, Laughlin, Reno, Sheldon Adelson, The Strip, Tourism | Comments Off on Strip tanks in September; Adelson vs. Buffett

Follow that puck!; Connecticut casino nixed

$216 million. That’s how much sports betting will be worth to the NHL, according to the American Gaming Association‘s Sara Slane. The new revenue will be achieved “as a result of spending from betting operators on advertising, data and sponsorship … Continue reading

Posted in AGA, Economy, Foxwoods, Full House Resorts, Greenwood Racing, Indiana, International, Internet gambling, Kentucky, Macau, Massachusetts, Melco Resorts & Entertainment, MGM Resorts International, Oregon, Pennsylvania, Regulation, Reno, Rush Street Gaming, Sports, Sports betting, Transportation | Comments Off on Follow that puck!; Connecticut casino nixed

Mohegan Sun shines

Congratulations to Mohegan Sun on being named ‘Best Hotel’ by readers of USA Today. I’ve never stayed there but would reckon this is quite a coup and shows yet again that tribal casinos don’t yield the palm to private-sector ones … Continue reading

Posted in Alex Meruelo, Atlantic City, Boyd Gaming, Caesars Entertainment, California, CityCenter, Derek Stevens, Dining, Downtown, Economy, Foxwoods, Las Vegas Sands, Louisiana, Marketing, MGM Resorts International, Mohegan Sun, New York, Penn National, Pinnacle Entertainment, Reno, Resort fees, Sheldon Adelson, Station Casinos, Tamares Group, The Strip, Tilman Fertitta, Tribal, Wynn Resorts | 2 Comments

Dog days on the Strip

August numbers are in and casinos on the Las Vegas Strip tanked, down 12.5%. Credit Suisse analyst Cameron McKnight called this result “not as bad as feared,” which prompts one to wonder what a worst-case scenario would look like. The … Continue reading

Posted in Boulder Strip, Boyd Gaming, California, Downtown, Economy, Entertainment, Florida, Lake Tahoe, Laughlin, Mesquite, MGM Resorts International, North Las Vegas, Oklahoma, Reno, Tamares Group, The Strip, Transportation, Tribal, Wall Street | 3 Comments

Shelter from the storm; Eldorado enters Atlantic City

Looking for someplace to ride out the storm. Ocean Resort is full through September 15 but comped rooms will be available after that. “We completely understand the concern for families and the community during times like this, so we want to … Continue reading

Posted in Atlantic City, Bruce Deifik, Carl Icahn, Charity, Churchill Downs, Eldorado Resorts, Entertainment, Environment, International, Internet gambling, Lake Tahoe, Laughlin, Mohegan Sun, Penn National, Pennsylvania, Pinnacle Entertainment, Regulation, Reno, Rush Street Gaming, Technology, The Strip, Wynn Resorts | Comments Off on Shelter from the storm; Eldorado enters Atlantic City

Swarming the sports books; The curious case of Stonewall Park

In a development that is sure to be followed with interest by sports book operators, predictive system Swarm AI outdid human oddsmakers in a trial run. During a 20-week slice of the NHL season, Swarm AI correctly predicted the outcome … Continue reading

Posted in history, Macau, MGM Resorts International, Mississippi, Nevada, Regulation, Reno, Sports betting, Technology, Tilman Fertitta, Wall Street | Comments Off on Swarming the sports books; The curious case of Stonewall Park

Strip gets hammered, locals not so much

While some analysts were expecting the Las Vegas Strip to be only slightly off last year’s pace (another benchmark that seems unlikely to be repeated, shades of 2007), their guidance evidently didn’t foresee an almost 6% miss, coming at $533 … Continue reading

Posted in Boulder Strip, Downtown, Lake Tahoe, Laughlin, Marijuana, North Las Vegas, Reno, The Strip | Comments Off on Strip gets hammered, locals not so much

MGM gets panned; Eldorado reaps laurels

First, the good news. Park MGM generated $9 million across the last three quarters, which is pretty good when you consider that it’s essentially a construction site. JP Morgan analyst Joseph Greff opines that this partly makes up for “weak” … Continue reading

Posted in Eldorado Resorts, Florida, Illinois, Japan, Louisiana, Macau, Marketing, Massachusetts, MGM Resorts International, Ohio, Racinos, Reno, Scientific Games, Sports betting, The Strip, Tropicana Entertainment, Wall Street | Comments Off on MGM gets panned; Eldorado reaps laurels

Strip strong in June

Las Vegas Strip casinos had a bonny June, up 5.5% and grossing $524 million. Statewide, the numbers were +4% and $933 million. The house won big at baccarat, shooting up 12% only 1% greater wagering. Non-baccarat table games posted a … Continue reading

Posted in Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, Nevada, North Las Vegas, Reno | Comments Off on Strip strong in June

MGM lauds Springfield as Mandalay Bay woes increase

MGM Resorts International is targeting Hartford (and five other media markets) with its initial TV spot for MGM Springfield, whose opening is now less than a month away. The ad, which you can see for yourself, has shoutouts to virtually … Continue reading

Posted in Cirque du Soleil, Elaine Wynn, Environment, Law enforcement, Mandalay Bay Massacre, Marketing, Massachusetts, MGM Resorts International, New York, Penn National, Pennsylvania, Regulation, Reno, Rhode Island, Sexual misconduct, Sports betting, Taxes, TV, Wynn Resorts | Comments Off on MGM lauds Springfield as Mandalay Bay woes increase

Vegas’ tourism slump halts; Do the Time Warp

Las Vegas city fathers need to stop frowning on Electronic Daisy Carnival and embrace it. EDC saved their bacon in May, stopping a prolonged slide in Vegas visitation, which bottomed out and made the slightest of upward bounces. While occupied … Continue reading

Posted in Arizona, Boulder Strip, Downtown, Entertainment, Florida, Lake Tahoe, Laughlin, Mandalay Bay Massacre, Mesquite, MGM Mirage, Nevada, North Las Vegas, Reno, The Strip, Tourism | Comments Off on Vegas’ tourism slump halts; Do the Time Warp

Delaware leads the way; Las Vegas tourism rebounds

A Delaware sports book took 36 bets in its first 20 minutes of operation yesterday, making it the first state outside Nevada to capitalize on the Supreme Court‘s recent legitimization of sports wagering. “In New York, we would go right to the … Continue reading

Posted in Atlantic City, Culinary Union, Delaware, Florida, Hard Rock International, Harrah's, MGM Mirage, Mississippi, Nevada, New York, Pennsylvania, Reno, Seminole Tribe, Sports, Taxes, The Strip, Tourism, Tribal, Wall Street, West Virginia | Comments Off on Delaware leads the way; Las Vegas tourism rebounds

April is the kindest month

Gaming grosses were up 5% on the Las Vegas Strip last month and locals casinos did spectacularly well, seeing a 14% increase. The statistics are even more impressive when you take into account one less weekend day than in 2017 … Continue reading

Posted in Bally Technologies, Boulder Strip, Downtown, Lake Tahoe, Laughlin, Mesquite, North Las Vegas, Regulation, Reno, Taxes, The Strip, Tribal | Comments Off on April is the kindest month

Las Vegas thrives; Palms ad backfires

Yesterday, we spotlit the Debbie Downer view of Las Vegas of one online columnist. And while a lengthy slide in visitation numbers remains a concern, dark and anecdotal snapshots of Sin City are contradicted by the numbers. The latter are … Continue reading

Posted in Boyd Gaming, Cosmopolitan, Eldorado Resorts, George Maloof, Harrah's, Horseracing, Illinois, Indiana, Laughlin, Macau, Marketing, MGM Mirage, Mississippi, Palms, Pennsylvania, Politics, Racinos, Reno, Sheldon Adelson, Slot routes, Station Casinos, Tribal, Wall Street, Wynn Resorts | 2 Comments

Bringing back sexy; They did a bad, bad thing

In search of a novel angle to market Las Vegas, the Las Vegas Convention & Visitors Authority has come up with a new campaign. And. It. Is. Hawt. Because lesbians. Although, if you’re a mushy romantic at heart, this mini-movie is sure to … Continue reading

Posted in Foxwoods, Internet gambling, LVCVA, Marketing, MGM Mirage, Mohegan Sun, Regulation, Reno, Sports, The Strip | 2 Comments

Las Vegas numbers perplex; Macao shatters expectations

While Las Vegas, as mentioned earlier, is slogging through a 10-month visitation slump, you wouldn’t know it from March’s gaming-revenue numbers, which were 9% higher on the Las Vegas Strip ($574 million), although locals casinos took a 5% hit. Deutsche … Continue reading

Posted in Atlantic City, Boulder Strip, Boyd Gaming, California, Colorado, Delaware, Downtown, Economy, Eldorado Resorts, Entertainment, Florida, Galaxy Entertainment, Harrah's, Illinois, Lake Tahoe, Laughlin, Macau, Melco Resorts & Entertainment, Mesquite, MGM Mirage, Mississippi, Nevada, New York, North Las Vegas, Ohio, Penn National, Reno, Rhode Island, Sheldon Adelson, Sociedade de Jogos de Macau, The Strip, Wall Street, West Virginia, Wisconsin, Wynn Resorts | 1 Comment